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Old Northeast, St. Petersburg, Florida

Boasting an eclectic mix of traditional house styles, Old Northeast is set amid the kind of lush, tropical landscape that put the Sunshine State on the map. Once farmland, the area was developed in 1911 as St. Petersburg's first neighborhood and is now listed on the National Register of Historic Places. Outdoorsy types love its waterfront parks and miles of hiking and biking trails along the Tampa Bay and the Coffeepot Bayou, while culture mavens take in concerts and art shows at the historic Palladium Theater, among other venues. There are plenty of shops and restaurants within walking distance, and events like an annual Easter-egg hunt, Independence Day parade, and street closings for Halloween trick-or-treating attract throngs of local families.

The HousesAlong the bay and the bayou are grand mansions built during Florida's land boom of the 1920s. More-modest houses, interspersed with apartment buildings, populate the tree-lined, red-brick streets. Styles include Craftsman, Mediterranean Revival, and Italian Renaissance, with prices ranging from $90,000 to $400,000.

Why Buy Here? The 2011 opening of the new Salvador Dali Museum and the restoration of the landmark 1925 Vinoy Hotel, where locals often stop to enjoy an iced tea on the veranda, have brought cachet and tourist dollars to the area. Many think the exposure will drive up interest—and property values—in this charming neighborhood.